Zip 79707 (Midland, TX) Housing

The housing market in Midland, TX (79707) is somewhat different from the national average. The median value of properties in this area is $365,300, which is 8.6% higher than the US median value of $338,100. Despite that difference, the appreciation rate over the past year has been less than half that of the national average. Properties in Midland have only risen in value 4.71%, compared to an 8.27% appreciation rate nationally. This indicates a slightly slower growth within 79707's housing market than what has been seen on a larger scale in recent times.

The median home cost in Midland (zip 79707) is $365,300. Home appreciation the last 10 years has been 67.3%. Home Appreciation in Midland (zip 79707) is up 7.2%.

Average Age of Homes

- The median age of Midland (zip 79707) real estate is 28 years old

The Rental Market in Midland (zip 79707)

- Renters make up 35.4% of the Midland (zip 79707) population
- 2.4% of houses and apartments in Midland (zip 79707), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Midland, Texas	United States
	15,428.0	139,647,020.0
	31	42
	$365,300	$338,100
	7.2%	16.6%
	34.1%	57.0%
	67.3%	101.1%
	$14.92	$10.98
	$4,849	$2,690
	58.4%	57.4%
	4.2%	11.2%
	37.4%	31.4%
Vacant Housing
	2.4%	1.9%
	0.2%	0.4%
	0.1%	0.7%
	0.1%	0.4%
	0.9%	3.6%
	0.4%	4.1%
Value of Owner-Occupied Housing
	0.6%	2.6%
	0.2%	2.4%
	1.1%	2.8%
	0.0%	3.9%
	0.5%	4.5%
	3.8%	11.3%
	6.4%	13.0%
	31.8%	20.1%
	22.3%	13.6%
	12.5%	8.3%
	18.4%	9.7%
	1.8%	3.9%
	0.4%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	12.1%	13.6%
	12.1%	13.6%
	22.6%	13.6%
	33.2%	13.2%
	8.5%	14.8%
	22.6%	13.6%
	3.4%	10.0%
	0.3%	4.7%
	0.0%	12.2%

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